For the first time, Vietnam is among the top 20 countries attracting the most foreign direct investment (FDI) capital in the world, according to World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD). In 2020, Vietnam ranked 19th globally as a FDI host country with $16 billion investment capital, up […]
Read MoreA flexible approach in managing the twin goal helped the country keep the economy intact in the most complicated Covid-19 outbreak yet. In the most optimistic scenario, Vietnam’s GDP growth in 2021 would reach 6.2% year-on-year on the assumption that the pandemic is contained in August, higher than the 6% target set by the National […]
Read MoreThe first batch of Hung Yen longan is officially sold on e-commerce platform Postmart.vn. Longan and agricultural specialties from the northern province of Hung Yen were introduced and promoted for sales at an international conference on the province’s sustainable trade. The event held both offline and online, was jointly hosted by the Ministry of Industry […]
Read MoreThe move would put local steel companies under pressure to expand production and upgrade technologies to reduce costs and compete with imported products. The Ministry of Finance (MoF) has proposed a 5-10% tax rate cut for imported steel products so as for the market prices to cool down. The move was part of the MoF’s […]
Read MoreSuch a large corporation would serve as a market-leading player and reduce the dependence of foreign firms or multinationals for distribution. The Vietnamese government continues to encourage the formation of large-scale corporations in retail, aiming to strengthen the linkage between production zones and consumer markets. This move was revealed in the government’s decision No.1163/QD-TTg on […]
Read MoreBank loan interest rates are becoming a heavy burden on businesses, which have been hit hard by Covid-19 for more than a year. State Bank of Vietnam Deputy Governor Dao Minh Tu at a recent conference asked four state-owned banks and 12 joint stock banks to continue easing lending interest rates for existing loans in […]
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